Meat packing business Hilton Food Group will invest NZD 54 million ($38.8 million) to expand its packing capabilities in New Zealand.
The company will construct a new facility in Auckland, supplying retailer Progressive Enterprises, which is trading as Countdown Supermarkets.
It is proposed that Hilton’s newly-formed subsidiary, Hilton Foods New Zealand, will finance the new food packing facility, with commencement of production targeted for 2020.
The development will take place as an extension of the existing site, and is subject to government approvals and the negotiation and finalisation of construction and tenure agreements.
The site will be capable of supplying Progressive stores in New Zealand with a range of beef, lamb, pork and chicken.
The announcement follows Hilton’s €6 million investment to build a plant in Poland, after signing a five-year supply deal with Tesco.
Hilton had sales of £1.2 billion in 2016 and employs around 3,000 people.
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